Bank of England cuts inflation forecast in 'unforgiving' environment
Central Bank's Monetary Policy Committee votes 9-0 to keep interest rates on hold
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London
BANK of England (BOE) governor Mark Carney has cited a turbulent global economy as the reason the central bank is cutting its inflation forecast once again.
Inflation will average just 0.8 per cent this year, and climb to the 2 per cent target only in 2018, he said.
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